Best ERC-20 Tokens to Buy in 2024

A myriad of cryptocurrencies are built on top of the Ethereum blockchain. All these crypto projects use the ERC-20 token standard as it is the token standard of the Ethereum blockchain. There are ERC-20 tokens offering services in different DeFi sections, including blockchain games, decentralized exchanges, decentralized apps, etc. With this excessive number of cryptocurrencies, it becomes quite confusing to decide which ERC-20 tokens to buy.

In this guide, we have enumerated a number of ERC-20 tokens in different fields that are worth investing in for 2024. Read on to find out our top eight ERC-20 tokens and their detailed descriptions. We have also introduced some reasons why ERC-20 tokens can be good investments and introduced a step-by-step guide that explains how to buy these Ethereum-based tokens. 

Top ERC-20 Tokens to Buy in April 2024

There are quite a few cryptocurrency projects built on the Ethereum blockchain and using the ERC-20 token standard. Hence we have chosen the most innovative and profitable projects through in-depth research. In the next section, you will also find a detailed review of each of the ERC-20 tokens included in the list below. 

Top ERC-20 Tokens to Buy Reviewed – Full List

In this part of the guide, you will learn about the top ERC-20 tokens that we consider a good buy for 2024. These tokens are created to make changes in the field of blockchain games, cryptocurrency exchanges, blockchain development, etc. What makes them a good investment is, first of all, their goals and strong plans of introducing new ideas and solutions into their fields. All the projects and their descriptions are introduced separately and in detail. 

Dogeverse – Redefining ERC-20 Tokens with Multi-Chain Meme Power

Dogeverse stands as an innovative ERC-20 token, transcending traditional meme tokens with its unique multi-chain capabilities and meme-powered community. By leveraging the Ethereum platform and expanding its reach across various blockchains, Dogeverse offers users unprecedented flexibility and interoperability in the crypto space.

At its core, Dogeverse is driven by the power of Doge memes, uniting a diverse community of crypto enthusiasts under a shared cultural phenomenon. This meme-powered approach not only fosters a sense of camaraderie but also injects a fun and lighthearted spirit into the project.

The ongoing presale presents an exciting opportunity for early investors to acquire $DOGEVERSE tokens at discounted rates, potentially positioning themselves for significant growth as the project matures. This strategic approach to token distribution ensures broad accessibility and incentivizes early participation in the Dogeverse ecosystem.

With a roadmap focused on enhancing utility and driving adoption, Dogeverse aims to solidify its position as a leading player in the ERC-20 meme token space. By continuously evolving and expanding its offerings, Dogeverse seeks to deliver long-term value to its community while staying true to its meme-inspired roots.

Dogeverse epitomizes innovation within the ERC-20 token landscape, offering users a novel and engaging experience that seamlessly blends meme culture with decentralized finance. As the crypto market continues to evolve, Dogeverse remains at the forefront, poised to redefine the possibilities of meme tokens in 2024 and beyond.

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Mega Dice – Elevate Your ERC-20 Portfolio With Mega Dice 

Mega Dice, a pioneering crypto casino has carved out a unique niche for itself, leveraging the power of the Ethereum blockchain to revolutionize the online gambling industry.

Mega Dice’s integration of ERC-20 technology has unlocked a new era of security, transparency, and user empowerment in the world of crypto-powered gaming. With a user base of over 50,000 players and a staggering $50 million in monthly bets, the platform has already proven its ability to captivate the attention of the crypto community.

But the real game-changer for Mega Dice is the recent launch of its native DICE token, an ERC-20 asset that offers a wealth of exclusive benefits to its holders. From revenue sharing and access to limited-edition NFTs to enhanced loyalty rewards, the DICE token has become a coveted addition to the portfolios of savvy ERC-20 investors.

The overwhelming response to the DICE token presale, which has already raised over $300,000 in just 24 hours, is a testament to the community’s belief in Mega Dice’s potential to thrive in the ever-evolving ERC-20 landscape. As the Ethereum ecosystem continues to grow, this crypto casino gem is poised to solidify its status as a must-have investment for those seeking to elevate their ERC-20 portfolio in 2024 and beyond.

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99Bitcoins – Earning While You Learn

Amidst the sea of ERC-20 tokens vying for investor attention, 99Bitcoins emerges as a captivating project that seamlessly blends crypto education and earning potential. Backed by an established platform with over 700,000 YouTube subscribers and 2 million registered users, 99Bitcoins is pioneering a “Learn-to-Earn” model that rewards users for actively engaging with its interactive learning modules, quizzes, and tutorials.

The $99BTC token lies at the heart of this innovative approach, allowing participants to earn crypto rewards directly in their Ethereum wallets. With a thoughtfully designed tokenomics model, 17% of the total 99 billion $99BTC supply is dedicated to community incentives, including an impressive staking APY exceeding 4500%.

As the global blockchain market is projected to reach over $469 billion by 2030, the 99Bitcoins platform is strategically positioned to capitalize on this growth. Moreover, the team’s plans to bridge the $99BTC token to the Bitcoin blockchain using the BRC-20 standard could further enhance its security and utility, making it a compelling choice for savvy ERC-20 investors.

Whether you’re a seasoned crypto enthusiast or newcomer to the space, the 99Bitcoins project offers an exciting opportunity to earn while you learn, contributing to the advancement of the industry.

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Dogecoin20 – Best ERC-20 Version of Dogecoin

Several projects have tried to mimic Dogecoin’s appeal over the years. By providing the same type of token with similar aesthetics on different chains, such projects have obtained a limited level of traction in the market. However, they misinterpreted Dogecoin’s altruistic intentions, which resulted in them disappearing from the market over time.

Dogecoin20 is different. This meme coin project pays homage to the original Dogecoin. Embracing its original appeal of “do-only-good-everyday,” Dogecoin20 is changing the game of the meme coin arena by providing a solid foundation of an ecosystem where short-term virality goes hand-in-hand with long-term gains.

This ERC-20 variant of Dogecoin is also moving ahead with providing a greener ecosystem, making the meme coin space more appealing to eco-centric users.

Overall, this ERC-20 version of Dogecoin has it all. It has the same doge-based aesthetics, but rather than being a blatant copy, it pays homage to the old crypto, giving a chance for investors to make the same parabolic gains Dogecoin made when it was released more than a decade ago.

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Smog – Solana-based ERC-20 Memecoin with Long-Term Upsides

Smog is another one of the Solana-based memecoins to have come out in the first quarter of 2024 that took the market by storm with its unique aesthetics and a gamified airdrop system.

Following the same appeal of Myro and Bonk, Smog has put all of its points into virality, moving up on the price charts by more than 4500% merely days after its launch on Jupiter DEX.

While this growth can be attributed to Bitcoin gaining more interest, Smog’s own utility has also played its part. Calling itself the greatest SOL airdrop in the history of the Solana blockchain, Smog has introduced its own spin on P2E gaming.

Here, those who have held their Smog tokens need to complete tasks and quests – basically playing the game – and in return, they will earn a portion of the SMOG airdrop.

This novel approach to the airdrop is why this token has taken a rising trajectory on the price charts. And airdrops aren’t going to be a single-time thing. More airdrops are being planned on the roadmap, helping Smog consolidate its community even further.

Other utilities that will push Smog’s value are staking and the availability of other chains, which it has accomplished with the introduction of the ETH bridge. Investors can now buy Smog using Ethereum, and they will also get access to APY rewards by staking their SMOG tokens.

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Slothana – Solana-based ERC-20 Memecoin with a Sloth-based Imagery

Slerf’s launch was an interesting story. This token, with limited utility, was able to entice the crowd quickly with its antics and climb rapidly on the price charts. Upon closer inspection, however, it is revealed that these antics were mistakes that allowed Slerf to look for sympathy from the crypto community. Sympathy was able to accumulate, not only from the community but also from cryptocurrency exchanges.

Slothana takes direct inspiration from Slerf’s success. Presenting users with a token with limited utility and high viral potential is something not uncommon within the cryptocurrency arena. However, Slothana does it with style. Even though the imagery it has used is the same as Slerf, the focus of this particular meme coin is to bring gains through funny memes and hype.

This honesty can lead to its success on the price charts, which is why investors should rush to the official website and send their SOL tokens to the address mentioned. However, note that tokenomics is not even available on the official page. Since this token has gotten some traction, raising upwards of $600k so far, there might be more to it than meets the eye.

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Sponge V2 – Memecoin Project Following the Success of Sponge V1

Sponge V2 is a popular memecoin, an ERC-20 token that marks the second coming of Sponge V1. Sponge V1 was one of the most popular memecoins during the memecoin mania that disappeared shortly after it pumped by 3200% on the price charts.

However, despite the correction that Sponge V1 went through, investors continued to rally behind this token, stabilizing its market capitalization over the $10 million mark. As the community around Sponge V1 has continued to thrive, Sponge V2 is emerging as the best ERC-20 token to invest in right now.

The reason is the project’s underlying staking mechanics. For one, the only way to get Sponge V2 right now is via staking. Using the unique stake-to-bridge attribute, Sponge V1 holders can stake their tokens and earn Sponge V2 when it finally launches. Buyers can also do the same because the official website – sponge.vip – allows buying and staking Sponge V1 at the same time.

Those who continue to stake their Sponge V1 tokens for a long time, even after the token has been launched, will earn lucrative APY rewards. The minimum available APY is 40%. These rewards will be distributed over the course of 4 years.

Secondly, further perks are coming to the Sponge ecosystem with the introduction of a P2E game. When the game launches, Sponge V2 will be used to buy credits to play the game and as reward tokens. This will give the Sponge ecosystem a circular economy, allowing it to thrive for an even longer term.

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Bitcoin Minetrix – Growing ERC-20 Project With Massive Potential

Bitcoin Minetrix is poised to revolutionize the Bitcoin mining landscape, making it accessible to a broader audience, including retail investors. Traditionally seen as a costly venture, Bitcoin mining has been reframed by this innovative project. Through Bitcoin Minetrix’s ecosystem, users can stake their BTCMTX tokens within an Ethereum-powered smart contract, paving the way to earn cloud mining credits.

The project’s motivation stems from the prevalent scams by third-party cloud mining providers. By tokenizing these assets, Bitcoin Minetrix not only provides a more secure avenue but also brings greater transparency to the process. Staked token holders can exchange their credits for Bitcoin mining power, thus securing a share of the mining revenue.

With 70% of the token supply earmarked for the presale, Bitcoin Minetrix has outlined an ambitious goal of raising $32 million through ten rounds. The project has already achieved significant success, amassing over $100,000 within a single day.

By lowering entry barriers and introducing a more cost-effective cloud mining solution, Bitcoin Minetrix emerges as a strong contender for the title of the best crypto of the year. Notably, staking BTCMTX tokens currently offers an impressive APY of over 7,000%, making it an enticing ERC-20 token for prospective investors.

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5th Scape – ERC-20 Token in the Gaming Niche

5th Scape is an ERC-20 token providing users access to a unique VR-focused environment in which they can engage with immersive games as well as other forms of VR entertainment.

Designed to provide a more valuable gaming ecosystem within the blockchain niche, 5th Scape has also introduced product segments to help gamers and developers.

Developers will have access to a suite of tools to create their own VR games and sell them via the 5th Scape marketplace. Gamers, on the other hand, will have access to games and products that go beyond the realm of digital.

5th Scape is one of the first cryptocurrency projects to introduce an ecosystem in which gamers can also access gaming chairs and VR headsets.

This ecosystem is powered by its native token, 5SCAPE. It is currently available as a presale and can be bought at a discounted price.

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Tether – Most Popular Stablecoin Based on the Ethereum’s ERC-20 Token

Tether is a stablecoin that is pegged to the USD meaning that it is meant to keep its value stable which must be equal to $1. Stablecoins are designed for this purpose – to not be affected by the volatility of cryptocurrencies and to have a consistent value. To make this a reality, they are backed by other assets which can be gold, dollar, euro, and other assets including even cryptocurrencies. Tether was among the first stablecoins. It was founded in 2014 and initially was named Realcoin but soon it changed its name to Tether. 

Though several other stablecoins emerged over the years, Tether still remains the most popular among them: it is the first largest stablecoin and the third largest crypto by its market capitalization. Plus, Tether has an excessive daily trading volume which often exceeds all the other cryptocurrencies. But how can Tether be a good investment if you can’t benefit from it as its value is almost always $1? 

Tether is not actually an investment but holding this stablecoin can give you a bunch of advantages. Tether’s native token, USDT, is used for diverse purposes. First of all, if you want to store your funds through cryptocurrencies, Tether is always a good choice as it does not have the volatility of other cryptocurrencies. Additionally, Tether is an excellent way for peer-to-peer money transfers as you can send it in a fast and cost-effective way through Tether. 

Another great thing about holding Tether is that it is listed on most leading cryptocurrency exchanges and you can buy it in advance to later exchange with another cryptocurrency. And finally, though you can’t make money by buying and selling Tether you can earn interest rates by lending your USDT tokens and there are multiple platforms that support Tether lending. 

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Ethereum – Most Popular ERC-20 Token that Merges with the PoS Layer

Ethereum is the second largest cryptocurrency in the world and probably the reason for the existence of the other cryptocurrencies included in our top ERC-20 tokens list. This is because most of the popular cryptocurrencies are built on top of Ethereum’s platform and use its ERC-20 token standard. Hence, Ethereum is the most popular token among them and also the most expensive one. 

The project was founded in 2014 by Russian-Canadian computer programmer Vitalik Buterin, who was first known as the co-founder of Bitcoin Magazine. But Vitalik thought that he can use the idea of decentralization and blockchain in other areas too other than as a peer-to-peer payment system. Hence, Ethereum was founded which offers a smart-contract-based platform that developers can use to build decentralized applications, new tokens, and blockchain games. 

Ethereum’s native token – Ether (ETH) powers the network and is used to pay for gas fees that are charged when conducting transactions on the platform. As Ethereum’s blockchain initially used the Proof of Work consensus mechanism ETH is mined similarly to Bitcoin. However, the DeFi project has just transitioned to the Proof of Stake protocol – an event that is most popular as The Merge. 

The PoS consensus mechanism changes the way how new ETH tokens are minted. Now, network participants must stake their ETH tokens to contribute to network safety and thus add new blocks and get rewarded for that. If a user wants to become a network validator, they must be ready to lock a certain amount of their tokens for a certain time and be selected by the network as a validator. 

Buy Ethereum

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Manta Network – ERC-20 Token Powering a Modular Web3 Ecosystem

The Manta Network token is the best ERC-20 crypto to buy this year for those looking for a more innovative project to get behind.

It’s modular ecosystem makes the creation of web3 applications simpler. Furthermore, it combines Manta Pacific and Manta Atlantic – L2 and L2 chains, respectively – to deliver a development environment that is faster and has lower gas fees.

Helping with its creation are four technological stacks, namely Celestia, Polygon, OP Stack, and Polkadot. This multi-chain approach allows it to pool the strength of multiple technologies, which makes it an app-agnostic ecosystem focused on easy development, speed, and cost-efficiency. 

Being a recently released token, this project has seen immense growth as soon as it launched, partly because of the rapid exchange listings. However, its features are futuristic, which makes it an ERC-20 token with long-term upsides.

Buy MANTA

Basic Attention Token – Ethereum-based Crypto Project in the Field of Advertisements

Basic Attention Token is another excellent ERC-20 token that is worth considering. Built on top of Ethereum’s platform, BAT combines web browser and blockchain technology to accomplish the fair distribution of money between advertisers, publishers, and consumers. The project was founded by the co-founder of Mozilla and Firefox Brendan Erich and introduced its white paper in 2021. However, in 2017 BAT token went into the initial coin offering during which it sold a billion tokens in just 30 seconds. 

What is the purpose of the Basic Attention Token and how does it work? The token is utilized by the web browser called Brave. It tracks the experience of publishing advertisements and how consumers watch these ads. Based on the data, it distributes BAT tokens between publishers who deliver these ads, consumers of the content who also watch ads, and advertisers. Hence, the idea of the project is to make digital advertising suitable for all three parties and fairly distribute rewards between them. 

Though the Basic Attention Token is quite new in the market, it has already garnered huge popularity. There are millions of daily users of the web browser, Brave and it has over 10 million daily users. The BAT token is also quite popular. It is among the 100 largest cryptocurrencies by its market cap which is worth almost $455.5. The maximum supply of the token is 1.5 billion BAT tokens, 99% of which are in circulation.

Buy BAT

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Uniswap – Popular ERC-20 Token Powering a Widely Used Decentralized Exchange

Uniswap is the first and the largest decentralized exchange built on the Ethereum blockchain. It is a decentralized platform where users can buy and sell cryptocurrencies but without the interference of any party. The transactions are not controlled by a single entity or financial institution and they are managed through codes. Founded by Haden Adams and launched in 2018 Uniswap managed to quickly become a leading exchange and attract several users. 

Uniswap does not work by matching buyers and sellers with each other. Instead, it uses a collection of liquidity pools from where users can buy and sell tokens. As Uniswap is an ERC-20 token and is built on Ethereum, it can only support trading cryptocurrencies built on the Ethereum platform. Hence, you can find all the ERC-20 tokens on this exchange and buy or sell them quickly and easily.

But who provides liquidity to these pools? Uniswap’s network has liquidity providers who are ordinary people wanting to lock their assets in those liquidity pools. To become a liquidity provider they must lock two different tokens in the same value. For locking their tokens, providers get rewarded with a portion of the trading fees and UNI tokens. 

UNI is the native token of the Uniswap network which is a governance token. It means that users holding UNI tokens have a word to say regarding the development of the project and vote on the changes about Uniswap. It is also used to reward the UNI holders and liquidity providers and to buy any asset on the Uniswap ecosystem. 

During the launch of Uniswap v2 which occurred in September 2022, the Uniswap team airdropped 400 UNI tokens to everyone who has conducted transactions on its platform. UNI is currently the 20th largest crypto by its market capitalization with a market cap of more than $4 billion. It has a maximum supply of 1 billion UNI tokens most of which are already issued. It means UNI can increase its value after the recovery of the crypto market or once it attracts huge attention.

Buy Uniswap

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Chainlink – Successful ERC-20 Token that Aims to Boost the Ethereum Ecosystem

Chainlink is one of the most important projects that is built on Ethereum and is vital for Ethereum. It provides real-world data to facilitate smart contracts running on Ethereum. Chainlink is the connector between the outside world and the smart contracts which provides the data through so-called oracles. The project has a history of more than 5 years. It was founded in 2015 by a company called Smart Contract.

The co-founders of the project Steve Ellis and Sergey Nazarov published its white paper in 2017 after which they conducted an initial coin offering for its native token – LINK. The team managed to sell 35% of the tokens and raise capital of $32 million. The maximum supply of the Chainlink token is 1 billion LINK coins. Almost 50% of the tokens are already issued which is equal to 491.6 million coins. One LINK token is equal to $7.2 which makes the cryptocurrency 23rd largest crypto by its market cap.

In fact, LINK is extremely important for Chainlink as all the transactions are conducted in it. To understand this, you need to know how the network works. As smart contracts are the basis of the Ethereum project and everything is built using them, they must contain a lot of data. Hence, these smart contracts most often rely on data from the outside world. And Chainlink helps to get this data through oracles. The process happens through three steps.

First of all, oracles providing a certain type of data are linked to the users who need this data. Users lock some of the LINK tokens in the smart contracts which are followed by providing the data from the oracles. Oracles must provide the data accurately as they get scores for their job which determines their reputation. They also get rewarded with the LINK token.

Buy Chainlink

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OmiseGo – ERC-20 Token Offering Fiat-to-crypto Acceptable Decentralized Exchange

OmiseGo is another promising ERC-20 token to consider investing in right now. It started in 2015 to explore and find out ways to make it easier for the different payment platforms to process money transfers. One of the tools that the project uses is the decentralized exchange where you can make fiat-to-crypto and crypto-to-crypto transactions. 

It also provides the Software Developer Kit tool that enables anyone to build simple digital wallets on the platform without knowing too many things about doing it. As the platform is built on the Ethereum blockchain it uses the Proof of Stake consensus mechanism and allows its token holders to stake their coins and be rewarded with its native token – OMG.

OMG is a vital token for the OmiseGo network as users must pay in OMG tokens to use the service of its blockchain. It is also used to lock by validators and by those who create contracts and for rewarding them. In case of not do their job properly, OMG tokens are refunded and sent to an address where they can’t be used. It means that the number of OMG tokens can be decreased over time making OMG a scarce cryptocurrency.

Buy OmiseGo

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What Are ERC-20 Tokens?

As Ethereum is a programmable blockchain network, developers can build other tokens and crypto projects on its platform. ERC-20 is a technical standard that is used on Ethereum’s blockchain. Hence all the tokens that are built on through Ethereum, are technically called ERC-20 tokens. These tokens are fungible which means that you can exchange them with any ERC-20 token on the Ethereum blockchain. So you can swap LBLOCK with ETH, or LINK with the OMG, etc. 

The first ERC token was, obviously, Ethereum’s Ether, which was created in 2015 after which a lot of other ERC-20 were created on its platform and there are more than a thousand ERC-20 tokens right now. These tokens power different DeFi sections: from decentralized apps offering real-world solutions to blockchain games that incorporate P2E features to help you earn money while playing.

Are ERC-20 Coins a Good Investment?

First, one of the reasons to invest in ERC-20 tokens is that all of them are built on the Ethereum blockchain which is safe, decentralized, and scalable. Additionally, the Ethereum team works on improving its platform consistently and one of the examples is Ethereum’s transition to a more environmentally-friendly consensus mechanism called Proof of Stake. 

Another great advantage is that all these tokens can be swapped between each other which can be an excellent feature for the traders. If you hold ETH tokens you can easily and quickly swap them with another ERC-20 token whenever you think it’s the right time to invest in it. This world also opens up to you a wide selection of assets that power different sections of decentralized finance. You have a lot of options of promising and affordable assets which will also enable you to build a strongly diversified crypto portfolio.

So, the bottom line is that ERC-20 tokens are certainly a good investment right now. The Ethereum blockchain is the largest and most effective system for smart contracts, which is not likely to change in the near future. But still, you need to be careful with all of your investments and never put at risk the money you will need after a short time. Plus, you need to do your own research before you purchase any ERC-20 token and consider the risk of losing money and crypto volatility.

Readers may also be interested in our guide to the best BSC tokens (Binance Smart Chain coins, on the BEP-20 token standard).

How to Buy ERC-20 Tokens – Step by Step Tutorial

If you are interested in buying ERC-20 tokens, you need to find a good cryptocurrency broker with a cost-effective pricing structure and abundant trading tools. eToro is our most recommended broker to buy ERC-20 tokens in 2024. According to our analyses, it stands out with an excellent safety policy, functionality, and low trading fees. Here is a complete guide about how you can buy ERC-20 tokens with eToro. 

Step 1: Create an Account with eToro

Visit eToro’s website and create a free account if you do not have one yet. The details you must fill in during the registration process include your name and surname, email address, phone number, etc. Plus, you will need to answer some questions about your trading plans and incomes that eToro asks when signing up. 

Once your account is created, you need to get into the process of verifying it. Here you must undergo two types of verifications. Hence, you must provide proof of your identity, which can be a copy of your passport or ID, and a proof of address which can be a utility bill, etc.

Step 2: Deposit Funds

To start trading you will need to have money in your account. As the minimum deposit to start buying cryptos on eToro is $50. You can deposit this money through a bank transfer option, or select a faster method of chagrin which can be a bank card or an e-wallet. 

Step 3: Search the ERC-20 Token 

Once your account is ready to invest in ERC-20 tokens, you can start trading. First, decide which ERC-20 token you want to buy and search its name in the appropriate toolbar. You can also visit the cryptocurrency section on eToro and select which ERC-20 tokens you want to purchase. If you click on a token you will navigate to a separate page about that token where you can find a lot of useful information. 

Step 4: Buy ERC-20 Token 

You can either buy the ERC-20 token immediately or you can take your time and explore its price experience through the graphs and tools provided on the eToro’s platform. As soon as you decide to buy the coin, open the buy window and fill in the number of coins you want to purchase. Give the last check to make sure you filled in everything correctly and place the order to buy tokens. 

Conclusion

In a nutshell, due to the popularity of the Ethereum blockchain, most cryptocurrencies are created using its platform. These tokens are known as ERC-20 tokens as they use the ERC-20 token standard. In this guide we have explained what the ERC-20 tokens are and whether they are a good investment right now. 

We have also introduced top ERC-20 tokens to buy for 2024 which, according to our research, introduce serious and innovative solutions into the DeFi world. Our top recommended ERC-20 token is Dogeverse which is a newly launched project on multiple chains. Many of the ERC-20 tokens in our list are supported by eToro. 

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